ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to provide the following preliminary update of its drilling programme at the Davey Road site in its Creswick tenement. Drilling was undertaken in December 2023.
HIGHLIGHTS
● Seven successful holes were drilled and there is extensive evidence of anomalous gold with the best result being 23.39 g/t Au over 1 metre.
● The best sample still has 4.7 g/t Au in the tailings of the initial results which is typical of coarse gold that ECR expects in this location.
● Around 30 additional bulk samples from the 20-30kg ‘leftovers’ from the preliminary drilling results have been concentrated in a dry blower. Panning of this material has consistently shown visible gold and these samples are being sent for laboratory testing.
● Variation in the preliminary results indicates a likely dipping vein (i.e. the gold mineralisation is not in a vertical structure) but the further analysis being undertaken is expected to assist with the geological interpretation.
The full results of this bulk sample testing are expected to be completed shortly.
Alongside this, the second phase of the Company’s drilling programme in Creswick (at Kuboid Hill) is ongoing and further announcements will be made in due course.
Details of current drilling and significant intercepts > 0.5g/t
|
Hole ID |
Total depth (metres) |
Significant intercepts |
Visible gold in bulk samples between interval (metres) (awaiting assay results) |
|
CDYRC001 |
66 |
1m @ 2.53 g/t Au from 6m 1m @ 2.42 g/t Au from 37m 1m @ 0.79 g/t Au from 38m 1m @ 0.53 g/t Au from 29m 1m @ 0.50 g/t Au from 30m |
0-1 5-7 30-31 36-39 |
|
CDYRC002 |
84 |
No significant intercepts to date but pending bulk sample analysis |
|
|
CDYRC003 |
84 |
No significant intercepts to date but pending bulk sample analysis |
|
|
CDYRC004 |
84 |
No significant intercepts to date but pending bulk sample analysis |
54-56 |
|
CDYRC005 |
54 |
1m @ 23.39 g/t Au from 14m 1m @ 1.01 g/t Au from 15m |
13-16 |
|
CDYRC006 |
84 |
No significant intercepts to date but pending bulk sample analysis |
|
|
CDYRC007 |
66 |
No significant intercepts to date but pending bulk sample analysis |
12-13 |
Mike Whitlow Chief Operating Officer said: “This is an encouraging start to our examination of Davey Road. Based on ECR’s work historically in this region, our expectation was that any gold would be both course and confined within narrow veins. These preliminary results support this assumption and consequently analysis of the bulk samples is a necessary step before we have a full picture of the geology. There is plenty so far to be pleased with but these results are indicative only and we look forward to gaining a better understanding of the location once full testing is complete.”
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.
FOR FURTHER INFORMATION, PLEASE CONTACT:
|
ECR Minerals plc |
Tel: +44 (0) 20 7929 1010 |
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|
David Tang, Non-Executive Chairman Nick Tulloch, Managing Director Andrew Scott, Director |
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